From Matthew Graham at Mortgage News Daily: A Rare Winning Streak For Rates, But Don’t Get Excited
Now here’s a rare thing! Mortgage rates managed to move lower, on average, for the 2nd consecutive business day on Monday. That hasn’t happened for roughly 3 weeks, and you’d need to go back another 3 weeks to see the previous example. … [30 year fixed 7.29%]
• At 9:00 AM ET, S&P/Case-Shiller House Price Index for August. The consensus is for the Composite 20 index to be up 16.1% year-over-year.
• Also at 9:00 AM, FHFA House Price Index for August. This was originally a GSE only repeat sales, however there is also an expanded index.
• At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for October.